Publications in Scientific Journals:
M. Sánchez-Romero, A. Fürnkranz-Prskawetz:
"Redistributive effects of the US pension system among individuals with different life expectancy";
Journal of the Economics of Ageing,
10
(2017),
51
- 74.
English abstract:
We investigate the differential impact that pension systems have on the labor supply and the accumulation of physical and human capital for individuals that differ by their learning ability and levels of life expectancy.
Using a general equilibrium model populated by overlapping generations, in which all population groups interact through the pension system, the labor market, and the capital market, we show that the increasing gap in
life expectancy by socioeconomic status makes the US pension system progressively more regressive and explains
the increasing per capita income gap across ability groups
Keywords:
Human capital/Longevity/Inequality/Life cycle/Social security
"Official" electronic version of the publication (accessed through its Digital Object Identifier - DOI)
http://dx.doi.org/10.1016/j.jeoa.2017.10.002
Created from the Publication Database of the Vienna University of Technology.